Goldman Counters Revenue Plunge With Cost Cuts; Shares RiseBy
The Dow's worst performing stock of the year bounces back
First quarter revenue is lowest since Blankfein became CEO
Goldman Sachs Group Inc., the worst performer in the Dow Jones Industrial Average this year, climbed Tuesday after blunting a plunge in first-quarter revenue by cutting costs deeper than analysts predicted and vowing to do more if needed.
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